Federal Funding

2024-12-16T15:44:34-05:00

FEDERAL FUNDING

Our Commitment

Leveraging federal funding so that Virginia can meet our conservation and environmental goals.

THE ISSUE

There is an unprecedented amount of funding available at the federal level that the state should leverage to meet our conservation and environmental goals. Funds will be distributed in different ways and through multiple different channels. Some funding has already started to flow and some grant programs haven’t opened up yet. The following resources are meant to highlight some of the biggest opportunities for the Commonwealth to utilize.

BIPARTISAN INFRASTRUCTURE LAW

The Infrastructure Investments and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law, infused historic levels of federal dollars towards clean transportation and charging infrastructure as well as funding to strengthen the nation’s drinking, storm, and wastewater systems.

In addition to the new programs created through the IRA, historic funding has been infused into many existing programs for Chesapeake Bay cleanup, land conservation, resilience, wildlife crossings, and more. Throughout portions of the Briefing Book, federal programs are highlighted that can help achieve specific environmental goals.

INFLATION REDUCTION ACT

The Inflation Reduction Act (IRA), signed into law in August 2022, established investments through grant programs and tax credits in the clean energy economy, many of which may be leveraged by state and local governments. Opportunities include investments in solar, wind, energy efficiency, electric vehicles, and other technologies that reduce our dependence on carbon-intensive infrastructure. In addition, the IRA established a direct pay program providing the opportunity for governments to receive the value of clean energy tax credits as cash payments.

DISCOVER MORE

PROGRAMS

NEWS

RESOURCES

Report: Empowering Tomorrow

Clean Energy States Alliance recently released a report outlining how Solar for All state programs, funded by the Inflation Reduction Act, will benefit low-income and disadvantaged communities.

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